Main measures of the Budget Law 2025
On 1 January this year, the Budget Law 2025 (Law 30/12/2024 No. 207) came into force. Among the main innovations on taxation and benefits contained in the law are: Premium IRES: For 2025 only, a reduction of the IRES rate from 24% to 20% on declared business income is envisaged for companies that fulfil the following conditions: allocation to reserves of at least 80% of the profits for the financial year 2024; investment of a portion of these earmarked profits (amounting in any case to no less than EUR 20,000) in the purchase, including through leasing, of new 4.0 and 5.0 capital goods; new hires of permanent employees with increased employment. Stabilisation of the revaluation of the tax cost of land and participations (listed and unlisted): Through the payment of the substitute tax, single rate equal to 18%, natural persons, simple companies, non-commercial entities and non-resident entities without permanent establishment in Italy will be allowed to revalue the cost or purchase value of the participations and land owned as of 1 January of each year outside the scope of the business, franking all or part of the capital gains obtained, pursuant to art. 67 co. 1 lett. a) – c-bis) of the TUIR, when the participations or land are sold for consideration. Revision of IRPEF rates: Reduction of taxable income brackets and IRPEF rates from four to three: Up to 28,000 tax rate 23%; Over 28,000 euro and up to 50,000 euro rate 35%; over 50,000 euro rate 43%. Introduction of a cap on tax deductions for taxpayers with incomes above EUR 75,000, while providing greater relief for families with more than two dependent children and families with disabled children. Healthcare expenses and those related to mortgages taken out until 31 December 2024 are excluded from the cap on the revised deductions. Investments in start-ups and innovative SMEs are also excluded. The deduction will be up to a maximum of €14,000 in the income bracket between €75,000 and €100,000, while for the income bracket between €100,000 and €120,000 the maximum deduction will be €8,000. There will also be a stop to deductions for children over 30, with the exception of disabled children, for whom deductions will continue to be granted without age limits Super-deduction for new hires: An extension is envisaged for 2025, 2026 and 2027 of the super-deduction for new hires of permanent staff under Article 4 of Legislative Decree 216/2023. For further information on the changes provided for in the Budget Law 2025, DL 19.102024 no. 155 (so-called ‘DL fiscale’ connected to the Budget Law) and DL 27.12.2024 no. 202 (so-called ‘Milleproroghe’ decree), please contact us.
Cb Partners tra gli advisor nella partnership tra Déco e Auctus capital partners AG
Déco S.p.A., a leading Italian company in indoor and outdoor coverings, a benchmark for its sector and a well-known brand that has been synonymous with design and innovation for more than a decade, has entered into a growth partnership with Auctus Capital Partners, a German private equity operator with offices in Munich and Milan. The entry of Auctus will facilitate Déco’s penetration of new markets and access to complementary excellence with means appropriate to the company’s ambitious goals. Auctus Capital Partners was assisted by the Pedersoli firm for legal and tax aspects with a team composed of Edoardo Pedersoli together with Matteo Pietrogrande, Alessandro Nanni, Gioele Rossi for corporate profiles, Consuelo Citterio and Daria Davoli for financing profiles, and Andrea de’ Mozzi, Daniela Caporicci and Vincenzo De Angelis for tax aspects. Auctus Capital Partners was also assisted by Roedl & Partner for accounting aspects. The founding partners were assisted by Legance for the legal aspects, with Giacomo Gitti, Stefano Bandini, Antonio Garramone and Leonardo Batini, as well as Alessia Solfrano for the financing profiles. The founding partners were also assisted by Ethica Group, which acted as M&A advisor, and CB Partners of Bologna for tax issues. The transaction was financed by a syndicate composed of illimity Bank and illimity Selective Credit (a debt fund managed by illimity SGR S.p.A.) advised by Shearman & Sterling with a team coordinated by Pasquale Bifulco supported by Alessandro Ciarmiello.
Restoration and corporate growth: Tecnoclima’s path thanks to Cb Partners
Our firm had the privilege of accompanying Tecnoclima 3.0. in a complex but highly successful challenge. A path of legal and financial recovery: With the opening of the judicial liquidation procedure at the end of November 2022 of the old Tecnoclima Sas, the continuation of the business activity and the maintenance of the employment levels of the historical Bolognese reality had been concretely put at risk. Tecnoclima 3.0 Srl, with our support, developed a credible and shared business plan that made it possible to submit a binding proposal to purchase the production branch. The new company was therefore awarded the entire company complex, avoiding the dispersion of goodwill and consolidating the company’s future. Today, Tecnoclima 3.0 Srl, supported by CB Partners, continues its activity with steadily growing sales and a solid position in the market. Tecnoclima represents a great testimony of resilience and strategic vision that has allowed it to transform a crisis situation into a real opportunity for revitalisation. CB Partners supported Tecnoclima 3.0 with partner Fabrizio Bianchimani and associate Stefania Barbalonga.
Organisational models for administrative responsibility: a practical guide
The adoption of organisational models in accordance with Legislative Decree 231/01 has become a necessity for companies wishing to prevent administrative liability arising from offences committed in their interest. The legislative decree introduced an ad hoc ‘criminal liability’ regime for legal persons, making the implementation of appropriate management and control systems essential. What are organisational models? Organisational models are internal tools that companies can adopt to prevent the commission of offences. According to Legislative Decree 231/01, a company can be exempted from administrative liability if it proves that it has adopted and effectively implemented a suitable model. These models must be specifically adapted to the characteristics and risks of the company. Why they are so important Here are some reasons why the adoption of a suitable organisational model is essential: Prevention of liability: an effective organisational model can exonerate the entity from liability in the event of offences, provided that it has been adopted and implemented correctly. Improved compliance: the adoption of such models helps companies to comply with applicable regulations, enhancing their reputation and trust among customers and stakeholders. Risk management: by analysing risks and implementing appropriate controls, companies can reduce the likelihood of wrongdoing. How to develop an organisational model To develop an effective organisational model, a few key steps must be followed: Risk analysis: assess the specific risks associated with the company’s activities and identify critical areas. Definition of procedures: create clear and detailed protocols to prevent unlawful behaviour, ensuring that they are easily understood and accessible to all employees. Staff training: ensure that all employees are informed of the company’s procedures and ethical principles through regular training courses. Establishment of a supervisory body (SB) responsible for overseeing the application of the model and its effectiveness. Monitoring and updating: implement a continuous monitoring system and update the model according to new regulations or organisational changes. How we can help you CB Partners offers comprehensive support in the development and implementation of organisational models, helping companies to Customise the model: create a model tailored to the company’s specific needs and risks. Training and awareness-raising: provide training courses for staff on issues related to administrative responsibility and compliance. Verification and audit: perform periodic audits to ensure the effectiveness of the model and make any improvements. Turn to CB Partners for your organisational model! Adopting an organisational model is not only a matter of compliance, but also a proactive strategy to protect the company from legal and reputational risks. With the support of CB Partners, companies can face this challenge with greater confidence and preparedness. Contact us to find out how we can assist you in the creation of an effective organisational model that complies with Legislative Decree No. 231/2001. 231/01.
